SteelPeak Wealth LLC Purchases New Holdings in Aercap Holdings N.V. $AER

SteelPeak Wealth LLC acquired a new position in Aercap Holdings N.V. (NYSE:AER) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,436 shares of the financial services provider’s stock, valued at approximately $2,666,000.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in Aercap in the 4th quarter valued at $27,000. Greenline Wealth Management LLC bought a new stake in shares of Aercap during the fourth quarter worth $30,000. Advisory Services Network LLC bought a new stake in shares of Aercap during the third quarter worth $35,000. Cedar Mountain Advisors LLC acquired a new position in shares of Aercap during the first quarter valued at $44,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Aercap by 26.6% during the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

Wall Street Analysts Forecast Growth

AER has been the subject of a number of research reports. TD Cowen lifted their price objective on Aercap from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial upped their target price on shares of Aercap from $161.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Morgan Stanley reduced their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Aercap from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Barclays boosted their price target on shares of Aercap from $164.00 to $179.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.12.

Aercap Trading Down 0.2%

AER opened at $146.94 on Friday. The firm’s fifty day moving average is $143.08 and its two-hundred day moving average is $143.15. The firm has a market cap of $24.52 billion, a PE ratio of 6.44, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94. Aercap Holdings N.V. has a twelve month low of $105.65 and a twelve month high of $155.99. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.24.

Aercap (NYSE:AER) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share (EPS) for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The company had revenue of $2.30 billion during the quarter. Equities research analysts anticipate that Aercap Holdings N.V. will post 17.34 EPS for the current year.

Aercap Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 13th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, May 13th. Aercap’s dividend payout ratio is 7.01%.

Aercap announced that its board has approved a stock repurchase plan on Wednesday, April 29th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.